#TBT: How Did Bernie Madoff Scam Thousands of People out of Billions?

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 4 January 2022

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Nicole’s second #TBT episode, she unpacks the Bernie Madoff scandal and answers questions like: how did Bernie Madoff pull off the biggest Ponzi Scheme on record? And how can we protect ourselves from the next big scam? As promised, here are: Investment Adviser Public Disclosure: https://adviserinfo.sec.gov/ Financial Industry Regulatory Authority’s(FINRA’s) BrokerCheck database: https://brokercheck.finra.org/

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.1	Wall Street has been completely upended by an unlikely player. Game stop.
0:09.8	Dean and should I have a 401k because you don't do it?
0:12.6	No, I know.
0:15.2	I think the whole world will revolve around you on your money. What a dumb shit.
0:19.8	Charge for wasting our time.
0:23.8	I will take a check.
0:24.8	I'll go full speed.
0:26.8	You recognize her from anchoring on CNN, CNBC and Bloomberg.
0:31.2	The only financial expert you don't need a dictionary to understand.
0:35.4	The cold lap in.
0:37.4	Today we have our second hashtag TVT episode.
0:40.8	Our first was an episode on the 2008 subprime mortgage crisis that we aired a few weeks ago.
0:47.0	As I mentioned in that episode, one of the goals of this show is to break down the headlines.
0:52.8	And yes, we do unpack headlines that are in the current news cycle,
0:57.6	but I also think it's really important to dissect the hot button topics from our past,
1:03.0	especially when those hot button topics are historical moments that financially crushed innocent people like you and me.
1:10.0	It is true that the only way to protect yourself from repeating history is to understand it,
1:16.6	so that you can make different choices in the future.
1:19.8	So today we're going to be focusing on Bernie Madoff.
1:22.8	His story is worth knowing because it's the biggest investing horror story in history.
1:28.6	And because I'm encouraging you to do more investing,
	...

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